Electric Vehicles Industry News
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Fisker to collaborate with Foxconn on electric vehicle project, shares jump
(Reuters) - Electric-car maker Fisker Inc said on Wednesday it will collaborate with Foxconn on an electric vehicle project and forecast that production would start in the fourth quarter of 2023. Fisker's shares were up nearly 18% in trading before…
Hyundai Motor to replace battery systems in costly electric car recall
SEOULSEOUL (Reuters) - Hyundai Motor Co will replace battery systems in some 82,000 electric vehicles globally due to fire risks, a problem which combined with an earlier recall is likely to cost the automaker an estimated $900 million. Most of the…
Losing Bid for Postal Contract Proves Costly for Electric-Vehicle Maker
It wasn't the first love affair to end with bad news from the letter carrier. Workhorse Group, with just 150 employees and little revenue, was a darling of Wall Street over the last year, its shares lifted by investor enthusiasm for the types of…
Foxconn to Build Cars for Electric-Vehicle Startup Fisker
Foxconn Technology Group, the world's biggest electronics contract manufacturer, has agreed to assemble cars for electric-vehicle startup Fisker Inc., the latest deal for the Apple iPhone assembler in its eager expansion into the automotive sector…
U.S. Postal chief commits to 10% of new delivery fleet as electric vehicles
WASHINGTONWASHINGTON (Reuters) - U.S. Postmaster General Louis DeJoy told lawmakers on Wednesday the Postal Service was committed to having electric vehicles make up 10% of its next-generation fleet as part of its multibillion-dollar plan to retire…
Fisker Forming Electric Vehicle Partnership With Foxconn
dpa/picture alliance via Getty Images Fisker Inc., the Los Angeles-based electric vehicle startup led by auto designer Henrik Fisker, is forming a partnership with mass-production giant Foxconn to build a new electric vehicle the companies are…
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Foxconn will build a new electric vehicle for Fisker
iPhone-maker Foxconn has agreed to build electric vehicles for Fisker Inc., the eponymous EV startup of automotive designer Henrik Fisker. In a memorandum of understanding announced Wednesday, the two companies say Foxconn will build Fisker Inc.'s…
Is the electric vehicle bubble starting to burst?
Lucid Motors, a Silicon Valley company whose luxury electric cars are due to cost as much as $169,000, has not yet sold a single vehicle. Next year, it expects to sell just 20,000 cars, and it does not expect to make a profit until 2024. Enjoy…
Chinese £3,200 budget electric car takes on Tesla
A budget electric vehicle (EV) selling in China for $4,500 (£3,200) is now outselling Tesla's more upmarket cars. The compact car is proving a big hit for state-owned SAIC Motor, China's top automaker. The Hong Guang Mini EV is being built…
Fisker shares surge on electric car deal with Apple iPhone assembler Foxconn
Published Wed, Feb 24 2021 10:35 AM EST Shares of electric vehicle start-up Fisker surged more than 20% in trading Wednesday morning after the company announced a manufacturing deal with Foxconn. The Taiwan-based electronics contract manufacturer…
IPhone builder Foxconn is working on an electric car with Fisker
(CNN) Foxconn, the Taiwan-based electronics manufacturing company best known for assembling the Apple iPhone, is working on an agreement with the California electric car company Fisker to develop an electric vehicle, the companies announced…
Electric cars' bumpy ride
One reason Tesla shares are now down to about where they were at the start of this year is the market for electric vehicles becoming ever more crowded. The latest announcement came from California-based Fisker on Wednesday, unveiling a partnership…
Foxconn could build electric cars at its facility in Mount Pleasant after agreement with Fisker
The Foxconn Technology Group might build electric cars at its facility in Mount Pleasant, after the announcement of a new partnership with a startup California car company. On Wednesday, Foxconn announced it had signed a Memorandum of Understanding…
Novel lithium-metal batteries will drive the switch to electric cars
Making electric cars more competitive with gas-powered ones will require a breakthrough battery that remedies those shortcomings. That, at least, is the argument of Jagdeep Singh, chief executive of QuantumScape, a Silicon Valley startup that…
Foxconn aims to build electric vehicles with Fisker partnership as IT, EVs meld
Hon Hai Technology Group's Foxconn unit has inked memorandum of understanding with electric vehicle maker Fisker to manufacture more than 250,000 vehicles starting in the fourth quarter of 2023. The deal highlight's what's becoming obvious.
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